The decision to buy a new car or buy a used one can be quite difficult, especially if you’re not sure whether to go with something big and flashy or if you’d rather stick with something simple and cheap that will last you a long time. For those on the fence, here are some of the advantages of buying used cars over new ones that, too, at the Used Car Dealers Western Suburbs Melbourne might make you lean one way or another.
Bulk of Depreciation Has Already Occurred
The very first thing that you need to know is that the bulk of depreciation has already occurred. When a car is driven off of the dealer’s lot, it immediately loses value. In fact, it’s estimated that a new car will lose 20% of its value in the first year alone. So, if you buy a used car that’s just one year old, you’re already ahead of the game.
Warranties
Most new cars come with some type of warranty, but used cars often do as well. In fact, many used car dealers offer warranties on the vehicles they sell. That means you can get the same peace of mind when buying a used car that you would when buying a new one. And if something does go wrong, you’re covered.
Lower Insurance Premiums
In general, insurance premiums are lower for used cars than they are for new cars. This is because used cars are not worth as much money, so the insurance company will not have to pay out as much if the car is totalled in an accident. Also, Used Car Dealers Western Suburbs Melbourne often offer their own insurance policies that can be cheaper than what you would get from a third-party insurer.
Buying a Used Car Saves You Money
The average price of a new car is over $36,000, while the average price of a used car is just over $20,000. That’s a difference of over $16,000! Not only that, but used cars are cheaper to insure and register. And, when it comes time to sell your car, you’ll get more money for a used car than you will for a new one.
Lower Customization Costs
When you buy a new car, you’re typically paying for all the bells and whistles that come with it. But what if you don’t want or need those features? With a used car, you can find something that better suits your needs without breaking the bank. Plus, used car dealers are often more negotiable on price than their new car counterparts.
Certified and Thoroughly Inspected
If you buy a used car from a reputable dealer, you can be sure that it has been thoroughly inspected and is in good working condition. This is not always the case with new cars, which may have hidden manufacturing defects. In addition, certified used cars come with extended warranties that cover most major repairs.
Conclusion
There are plenty of reasons to buy a used car over a new one. For starters, you can get more bang for your buck. With a used car, you’re not paying for that initial depreciation that new cars experience as soon as they’re driven off the lot. In addition, used cars often come with lower interest rates and insurance premiums. And if you’re really looking to save, you can find great deals on certified pre-owned vehicles that have been inspected by the manufacturer and come with extended warranties. So before you head to the dealership to buy a new car, be sure to consider all of your options.
